Clear Height Properties and its investment partner, Buligo Capital Partners, announced the disposition of 10200 55th Street, a 354,000-square-foot single-tenant manufacturing and distribution facility located in Kenosha, Wisconsin.
Ryan Bain and Joe Horrigan with CBRE were the sole brokers in the sale transaction. The property is strategically located in the southeastern Kenosha submarket, offering exceptional connectivity to both the Chicago and Milwaukee MSAs and is equipped with integrated labs, lighting paint lines, and customized production infrastructure. Clear Height executed a long-term lease extension that included a corporate guarantee.
“The southeastern Wisconsin industrial market has fundamentally proven out as a strategic logistics corridor, and this disposition reflects that conviction,” said Kevin Bufalino, Managing Director of Asset Management at Clear Height Properties. “We executed a credit-enhancing lease extension that repositioned this asset for long-term institutional ownership, and we are proud of the outcome we delivered for our investment partner.”
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